Gartner (NYSE:IT) Issues Earnings Results, Beats Estimates By $2.23 EPS

Gartner (NYSE:IT) released its earnings results on Tuesday. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23, Zacks reports. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. Gartner updated its FY 2025 guidance to 11.450- EPS.

Gartner Trading Down 1.1 %

IT stock opened at $541.37 on Thursday. Gartner has a one year low of $411.15 and a one year high of $584.01. The stock has a market cap of $41.76 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 3.37 and a beta of 1.34. The company has a fifty day moving average price of $509.41 and a two-hundred day moving average price of $505.86. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02.

Insider Transactions at Gartner

In other Gartner news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the sale, the director now owns 529,844 shares of the company’s stock, valued at $293,893,869.92. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,583 shares of company stock worth $13,884,374. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IT. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird increased their price target on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and an average price target of $552.63.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.